نجمه اسدی - سازمان امورمالیاتی

Information development in recent decades has created new opportunities for individuals and organizations. Therefore, interaction and communications have developed across the world and new definitions have emerged in various aspects of personal and social life. In the meantime, organizations are subjected to the greatest impacts of the new situations and they are entering into a knowledge-based economy, whether intentionally or unintentionally. An economy in which, knowledge and intangible assets are recognized as the most important competitive source and advantage for organizations. One of the components of intangible assets is intellectual capital. Today, the role and importance of return of intellectual capitals employed in sustainable and permanent profitability of companies is higher than the employed return on financial capitals. Therefore, the main objective of this research was to investigate the relationship between intellectual capital and the indicators of earnings quality in companies listed in Tehran Stock Exchange.To measure intellectual capital in this study, the model presented by Pulic called VAIC (Value Added Intellectual Capital) was used. First, based on the VAIC model, the value of intellectual capital of studied firms was calculated for a 5-year period (2007 to 2012). Then, the relationship between intellectual capital and earnings quality indicators of companies was evaluated. Based on earnings stability, predictability of earnings, relevance of earnings to value of shares and the relationship between operating cash flow and earnings, earnings quality was also measured as the dependent variable. Simple regression and correlation coefficients were the statistical methods used to analyze the data in this study and statistical tests results indicate a significant relationship between intellectual capital and indicators of earnings quality (earnings stability, earnings predictability). Given these results, the growing importance of intellectual capitals becomes evident among the companies seeking superiority, and, it is required to identify and recognize knowledge and information and to generate knowledge management frameworks in organizations.

intellectual capital, earnings quality, simple regression, Tehran Stock Exchange